Homex Development Stock Hits New 52-Week Low (HXM)

NEW YORK ( TheStreet) -- Homex Development Corp (NYSE: HXM) hit a new 52-week low Wednesday as it is currently trading at $23.05, below its previous 52-week high of $35.89 with 62,071 shares traded as of 10:06 a.m. ET. Average volume has been 205,800 shares over the past 30 days.

Homex Development has a market cap of $1.4 billion and is part of the financial sector and real estate industry. Shares are down 30.8% year to date as of the close of trading on Tuesday.

Desarrolladora Homex, S.A.B. de C.V. operates as a vertically integrated home developing company principally focused on the promotion, design, development, construction, and sale of entry level and middle income housing in Mexico. The company has a P/E ratio of 10.8, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Homex Development as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Homex Development Ratings Report.

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